These alliances aim to enhance Apollo's capabilities and expand its applications across various sectors.“Our work with Apptronik has given us a front-row seat to the incredible pace of progress in humanoid robotics and AI, and the transformative potential these technologies hold for modern manufacturing,” Jörg Burzer, a board member of Mercedes-Benz Group AG, said in an Apptronik’s news release.“We are proud to support Apptronik as they pioneer new ways to bring intelligent, adaptable robots onto the factory floor.” The fresh capital will be used to scale up Apollo's production and deployment to commercialize the robot.
South Korean venture capital firms invested undisclosed tens of billions of won, equivalent to tens of millions of dollars, in US humanoid-developing startup Apptronik in a $403 million Series A funding round, which exceeded its original $350 million target.
The Austin, Texas-based robotics company announced on Tuesday that it has completed its Series A funding round led by B Capital and Capital Factory, with participation from major global investors, including Google, Mercedes-Benz, Japan Post Capital, ARK Invest, Helium-3, Magnetar and RyderVentures.
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